NORFOLK FORUM INCORPORATED

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1933

Legal Domicile

Principal Officer

WILLIAM POYNTER

Phone

7576278672

Tax Period

2024-07-01 to 2025-06-30

NORFOLK FORUM INCORPORATED, founded in 1933, is a small nonprofit in the Arts, Culture & Humanities sector that reported $533K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $88K, a strong 17% operating margin.

Mission

FOUNDED IN 1933, THE NORFOLK FORUM IS THE OLDEST CONTINUOUS PUBLICLY SUBSCRIBED SPEAKERS' FORUM. ITS MISSION IS TO ENLIGHTEN AND ENTERTAIN THE CITIZENS OF HAMPTON ROADS AND TO THAT END, THE FORUM HAS SUCCESSFULLY BROUGHT SOME OF THE MOST PROMINENT POLITICAL, SOCIAL AND BUSINESS LEADERS AS WELL AS JOURNALISTS, ACTORS, SCIENTISTS AND OTHERS TO NORFOLK TO SHARE THEIR VIEWS ON WORLD ISSUES WITH CITIZENS OF HAMPTON ROADS.

Program Service Accomplishments

Program 1

Expenses: $348,182 Revenue: $306,058

TO PROVIDE A FORUM FOR SPEAKERS TO RAISE AWARENESS AND INCREASE INVOLVEMENT IN THE COMMUNITY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $215,000

Program Service Revenue $306,058

Investment Income $12,153

Other Revenue $0

TOTAL REVENUE $533,211

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,488

Fundraising Expenses $41,588

Program Expenses $348,182

Other Expenses $397,663

TOTAL EXPENSES $445,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$533,211	$440,537	+0.2%
Expenses	$445,151	$440,353	+0.0%
Net Income	$88,060	$184	+477.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$45,313

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HONORABLE BLYTHE SCOTT	PRESIDENT	20.00	Officer Director	$0	$0	$0
MRS SANDRA PORTER LEON	FIRST VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MR AKHIL JAIN	SECOND VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
MS MEL PRICE	SECRETARY	10.00	Officer Director	$0	$0	$0
DR WILLIAM R POYNTER	TREASURER	10.00	Officer Director	$0	$0	$0
DR ALFRED ABUHAMAD	DIRECTOR	10.00	Director	$0	$0	$0
KRISTAN B BURCH	DIRECTOR	10.00	Director	$0	$0	$0
MR GLENN CARRINGTON JD	DIRECTOR	10.00	Director	$0	$0	$0
MS PATRICIA J DARNLEY	DIRECTOR	10.00	Director	$0	$0	$0
TRENT DUDLEY	DIRECTOR	10.00	Director	$0	$0	$0
ADM MARK E FERGUSON III USN RET	DIRECTOR	10.00	Director	$0	$0	$0
LARRY H FILER II PHD	DIRECTOR	10.00	Director	$0	$0	$0
MS KATIE FLETCHER	DIRECTOR	10.00	Director	$0	$0	$0
MR JOHN GILL	DIRECTOR	10.00	Director	$0	$0	$0
MS NANCY L GRDEN	DIRECTOR	10.00	Director	$0	$0	$0
MR IAN A HOLDER	DIRECTOR	10.00	Director	$0	$0	$0
MR STEVEN JONES	DIRECTOR	10.00	Director	$0	$0	$0
DR CYNTHIA KELLY	DIRECTOR	10.00	Director	$0	$0	$0
MR SCOTT KELSEY	DIRECTOR	10.00	Director	$0	$0	$0
MR LEIGH KEOGH	DIRECTOR	10.00	Director	$0	$0	$0
MR CHRISTOPHER LAGOW	DIRECTOR	10.00	Director	$0	$0	$0
MR TRAVIS LARRABEE	DIRECTOR	10.00	Director	$0	$0	$0
MRS LAUREN MAZZARI	DIRECTOR	10.00	Director	$0	$0	$0
DR SCOTT D MILLER	DIRECTOR	10.00	Director	$0	$0	$0
MR WILLIAM L MURRAY	DIRECTOR	10.00	Director	$0	$0	$0
MR MATTHEW NUSBAUM	DIRECTOR	10.00	Director	$0	$0	$0
MS LINDA B PECK	DIRECTOR	10.00	Director	$0	$0	$0
MS ELLIS H PRETLOW	DIRECTOR	10.00	Director	$0	$0	$0
MRS KAREN PRIEST	DIRECTOR	10.00	Director	$0	$0	$0
MS TARA RAMSEY	DIRECTOR	10.00	Director	$0	$0	$0
MS AMY SAMPSON	DIRECTOR	10.00	Director	$0	$0	$0
MR CARTER SMITH	DIRECTOR	10.00	Director	$0	$0	$0
MR GEORGE R WEBB JR	DIRECTOR	10.00	Director	$0	$0	$0
MR DONALLD WINCHESTER	DIRECTOR	10.00	Director	$0	$0	$0
MAURA MURCHAKE	EXECUTIVE DIRECTOR	40.00	Officer	$45,313	$0	$45,313

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$533,211	$445,151	$503,704	$88,060
2024	$440,537	$440,353	$431,730	$184
2023	$386,512	$335,942	$452,362	$50,570
2022	$432,395	$600,096	$364,832	$-167,701
2021	$304,558	$162,481	$543,195	$142,077
2020	$334,739	$274,662	$584,018	$60,077
2019	$544,680	$439,075	$523,941	$105,605
2018	$332,741	$349,100	$366,912	$-16,359